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NuScale

SUSPENDEDNRC LICENSINGINTERNATIONAL
Active Projects
NPM Manufacturing — Doosan Korea
IN PRODUCTION
LOCATION
Doosan Heavy Industries facility, South Korea
CUSTOMER
NuScale + future plant operators

12 NuScale Power Modules currently in production at Doosan facilities in South Korea. Manufacturing scale-up capacity: up to 20 modules per year. Forge-and-cast components require specialized infrastructure. Prospective NuScale customers have visited the Doosan facility as part of late-stage commercial diligence.

ENTRA1 + TVA — 6 GW Deployment Program
NONBINDING COLLABORATIVE AGREEMENT
6000 MWe
REACTOR TYPE
NPM US460 — 72 modules across 6 plants
TARGET DATE
NaN
LOCATION
Tennessee Valley Authority 7-state service region (TN, AL, MS, KY, GA, NC, VA)
CUSTOMER
TVA (via ENTRA1 Energy as exclusive global commercialization partner)

Largest nuclear power deployment program in U.S. history. Nonbinding collaborative agreement signed September 2025. Plan: 6 GW capacity = 72 NuScale Power Modules across 6 ENTRA1 Energy Plants in TVA's 7-state service region. As of Q4 2025 update: infrastructure-experienced team assembled, financing discussions progressing, four candidate sites identified (with prospective first site selected), definitive PPA being drafted, TVA board confirmed January 2026.

Standard Power — Ohio + Pennsylvania
STATUS UNCERTAIN — SUPERSEDED NARRATIVE
2000 MWe
REACTOR TYPE
NPM — 24 modules (12 per facility)
LOCATION
Ohio + Pennsylvania
CUSTOMER
Standard Power (data center / industrial customer) via ENTRA1 Energy

Original NuScale-ENTRA1 deployment announcement (August 2023). Two facilities each with 12 NPMs targeting ~2 GWe total combined. Marketing narrative has shifted heavily toward the larger TVA program; current status of Standard Power deal not prominently reported in 2025-2026 NuScale earnings. Logged as historical announcement; investors should weight TVA program as the active US near-term path.

Carbon Free Power Project (CFPP) — TERMINATED
CANCELLED NOVEMBER 2023
462 MWe
REACTOR TYPE
NPM US460 — 6 modules x 77 MWe
LOCATION
Idaho National Laboratory site (planned)
CUSTOMER
Utah Associated Municipal Power Systems (UAMPS) — historical

NuScale's flagship deployment for over a decade. Mutually terminated November 2023 due to insufficient subscription as target power price rose toward $90/MWh and UAMPS member interest failed to materialize. The cancellation was a critical strategic event — NuScale subsequently pivoted entirely to commercialization through ENTRA1 Energy as exclusive partner. The technical lessons (and the SDA application work) carried forward to the May 2025 US460 design approval.

RoPower Doicești (Romania)
FEED PHASE 2 COMPLETE; FID PENDING
462 MWe
REACTOR TYPE
NPM US460 — 6 modules x 77 MWe = 462 MWe
TARGET DATE
2030
LOCATION
Doicești, Romania (former coal plant site)
CUSTOMER
RoPower (joint venture between SN Nuclearelectrica + Nova Power & Gas) — Fluor as EPC prime

Most advanced active NuScale deployment globally. Six NPMs at former coal plant site in Doicești. Fluor Phase 2 Front-End Engineering and Design completed December 2025. NuScale recognized $63.1M revenue from licensing fees and engineering work over 18 months ending Dec 2025. SN Nuclearelectrica shareholders voted Feb 12, 2026 to advance project to next phase. Final Investment Decision target: 2026.

NuScale Power Module (NPM) — Technology Platform
NRC-APPROVED (DESIGN CERTIFIED + SDA)
77 MWe
REACTOR TYPE
Light Water Pressurized SMR — natural circulation
COOLANT
Light water (natural circulation, no pumps)
FUEL
Standard LEU (UO2)

Two NRC approvals: 50 MWe US600 design Certified in January 2023 (only SMR ever Design-Certified by NRC); 77 MWe US460 design received Standard Design Approval May 29, 2025 (six-pack configuration totaling 462 MWe). Both approvals issued ahead of schedule and under budget. Up to 12 modules can be combined per plant for 924 MWe total. Passive safety: 7-day walk-away cooling without operator action or external power. Licensed under 10 CFR Part 52 to enable streamlined COLA applications by future customers.

Funding Intelligence
DOE Grant$226MDOE
Q1 2014

Major DOE multi-year cost-share award supporting CFPP project + design certification work. Part of cumulative DOE support to NuScale exceeding $575M over the company's history (per DOE statement May 2025).

IPO via SPACSpring Valley Acquisition Corp
Q2 2022

Public listing via SPAC merger with Spring Valley Acquisition Corp completed May 2022. Trades on NYSE under ticker SMR. Same SPAC sponsor (Chris Sorrells / Spring Valley) is currently taking Eagle Energy Metals public.

Company Snapshot
CEO
John Hopkins
Stock Price
NYSE: SMR · —
Total Funding
$600M
Funding Stage
Public
Founded
2007
HQ
Corvallis, USA
Customer
NuScale + future plant operators
Key Investors
DOE
Spring Valley Acquisition Corp